Meg Whitman to step down as Hewlett-Packard CEO

By on November 22, 2017

Nov. 21 (UPI) — Hewlett-Packard Chief Govt Officer Meg Whitman introduced she is going to step down from her place subsequent 12 months, the company announced Tuesday.

Whitman, who has been at the helm of the pc hardware producer due to the fact that 2011, might be changed with the aid of company president Antonio Neri on Feb. 1, 2018.

“I’m incredibly happy with all we have now entire considering I joined HP in 2011. Lately, Hewlett Packard strikes forward as 4 business-best corporations which are each neatly placed to win of their respective markets,” Whitman mentioned in a press unencumber. “Now’s the right time for Antonio and a new technology of leaders to take the reins of HPE. I’ve wonderful self assurance that they will proceed to build a super firm with a view to thrive smartly into the longer term.”

Neri has been with Hewlett-Packard on the grounds that 1995 as a customer support engineer and used to be appointed to president in June.

Whitman’s announcement comes on the identical day the company released its quarterly earnings document.

In Step With CNBC, Hewlett-Packard posted adjusted salary of 31 cents per share on earnings of $7.87 billion in its fourth quarter, which reasonably surpassed analyst estimates of 28 cents per share on $7.7 billion revenue.

However after the corporate announced Whitman would step down, shares stumbled by about 6 %.

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